Airport Duty-free Liquor Market Worth $12.26 Billion By 2028
Airport Duty-free Liquor Industry Overview The global airport duty-free liquor market size was valued at USD 6.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2028. The market growth can be credited to the rising number of travelers at airports. At the airport, the liquors are excluded from government taxes and duties, so the passengers prefer to buy them at economical rates. Additionally, the travelers before leaving for their home countries choose to spend their surplus foreign currency to buy liquor from duty-free shops. All these factors are expected to boost market growth over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Airport Duty-free Liquor Market Owing to the COVID-19 pandemic, there is a decline in international travel, consequently leading to a negative impact on industry growth. With the ongoing lockdown, the travel market is provisionally on hold...